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After Yesterday's Rally of 2.04% Shares Could Potentially Pullback

By Nick Russo

Rockwell Collins (NYSE:COL) traded in a range yesterday that spanned from a low of $127.31 to a high of $135.31. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $130.37 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Rockwell Collins has traded in a range of $78.54 to $135.31 and is now at $130.68, 66% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Rockwell Collins on July 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $107.96. Since that recommendation, shares of Rockwell Collins have risen 18.6%. We continue to monitor COL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders rockwell collins

Ticker(s): COL